$150K of Grants for Ethereum Developers  —  The iExec ÐApp Challenge

News provided by iExec on Tuesday 5th Dec 2017

In November 2017, iExec released its V1 along with an SDK (Software Development Kit) allowing developers to take full advantage of the decentralized cloud. Indeed, the service enables blockchain applications to access an affordable, scalable, transparent and secure off-chain computing cloud.

Following its vision to support Ethereum development and the whole ecosystem of decentralized applications, iExec is currently creating the first ÐApp Store, which release is scheduled for mid-December. This platform will act as a curated list of the decentralized applications running on top of iExec.

In order to boost the development of applications on the blockchain,we are pleased to announce that we are opening doors to dapp project proposals. We have reserved a prize pool of $150K to be distributed among different dapp projects.

What are the rules of the ÐApp Challenge?

The ÐApp Challenge targets Ethereum developers wishing to create an application running on the blockchain. To overcome the scalability limits of blockchain, this application can leverage the cloud computing infrastructure of iExec.

This will also be the opportunity for you to benefit from the visibility of being on the forefront of our ÐApp Store, as well as earn RLCs when users utilize your application.

Everyone is welcome to participate, and the iExec team will be there to support you in making your idea a reality listed on the ÐApp Store.

You can participate by submitting the following:

  • Idea proposal
  • Roadmap
  • Component diagram
  • Sequential diagram of the solution
  • Bonus: a dapp smart contract with truffle tests

How will funds be distributed?

We will be evaluating projects based on 4 different criteria:

  • Innovation (it would be awesome if your idea is new and provides an unexpected solution to an unmet need)
  • Impact (it would be awesome if your project has the potential to impact the blockchain ecosystem)
  • Feasability (it would be excellent if you have a realistic plan and are well-equipped to execute on it)
  • Background (we’re curious about what you’ve built and accomplished in the past)

A maximum of 30 dapps will be supported by offering them financial grants. The value of these grants will depend on how the projects score based on the previous 4 criteria.

The minimum grant amount is set to $3,000. Winners will be given a first round of financing in February, and gradually upon completion of milestones on their roadmap, the remaining funds will be unlocked.

How can Ethereum developers participate?

From the 30th of November to the 19th of January, you will be able to craft a project proposal and submit it to us. A dedicated page will soon be made live for this purpose.

Please follow these steps:

  1. Fork the iexec-dapp-samples repository
  2. Edit the readme file
  3. When you’re done, pull request to the dapp-challenge branch
  4. Post the link of your PR in this Google form

Developers are free to collaborate and submit their work as a team, and your project doesn’t have to score high on all the of the 4 criteria to win a grant.

After the application window closes, iExec will have 1 week to deliberate and announce the participants who will benefit from a development grant.

Hereby a timeline summarizing the different step of the ÐApp Challenge.

These are exciting times for blockchain development and decentralization enthusiasts. Some of you already shared some ideas with us, now is the time to put those ideas on paper and think through how to make them a reality.

This is an unparalleled opportunity to unleash your creativity and ambition. We are waiting for you submissions, and can answer any question you may have on our channels:

Press release distributed by Pressat on behalf of iExec, on Tuesday 5 December, 2017. For more information subscribe and follow https://pressat.co.uk/

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$150K of Grants for Ethereum Developers  —  The iExec ÐApp Challenge

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